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SFGTV
Jan 21, 2013 11:00pm PST
going on in the nation, debt ceiling, in light of what is really going on here in the city and county of san francisco we need to involve the constituents, because the taxpayers that pay it, you may get the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportation authority addresses transportation strategies particularly because half
CBS
Jan 22, 2013 4:00am PST
the debt ceiling for a period of three months, and the republicans have made a big concession. they had their dance and took a moment to savor the scene. now it's time to get back to work. in his inaugural speech, the president called on both parties not to let politics get in the way of governing. >> we must act knowing that our work will be imperfect. we must act knowing that today's victories will be only partial. >> reporter: so republicans are offering a compromise on the debt ceiling. house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the
FOX Business
Jan 21, 2013 7:00pm EST
ceiling for three months. on the 19th of may, the debt limit increases from $16.4 trillion to accommodate additional raring the treasury requires r and bills withholes the pay of lawmakers if congress fails to pass a budget by the 15th of april putting the money in escrow to comply with the 27th amendment of the constitution. joining us now is congressman gomert, vice chair of the subcommittee on crime, terrorism, and homeland security, and republican of texas. good to have you with us. first your impression before we turn to the debt limit of the president's inaugural address. >> well, lou, he started out great, quoting from the declaration from our founding documents, you know, endowed by the creator with certain inalienable rights saying that although they were self-evident, they are not self-executing as you pointed out earlier. now, as a lawyer, that sounds okay in court, you know, talking about the self-executing will or affidavit, but i'm afraid for those of us listening to an inaugural, it was more rem necessary sent of lincoln saying we will live -- america, talking about the cou
FOX Business
Jan 21, 2013 10:00pm EST
first term. what's that mean for the next four years? also, house leadership on the debt ceiling, what's the next move there? former white house economic adviser todd buckles will be with us. thank you fowatching. see you right back here tomorrow. have a good nigh ♪ lou: good evening, everyone. president obama today delivered his second and final inauguration speech in front of an estimated crowd of a million people. nearly half of the 1.8 million who saw the president's swearing in back in 2009. president obama marking the occasion, pushing the liberal concept of more government taking campaign style jabs at his political opponents all the while. >> progress is not compel us to settle, century's long debates about the role of government for all time, but it does require us to act in our time. [applause] for now, decisions are upon us. we can want afford delay. we can want mistake absolutism for principle. substitute speck tack kl for politics or treat name calling for reasoned debate. [applause] we must act. we must act knowing that our work will be unperfect. we must act knowing that
NBC
Jan 22, 2013 6:00am PST
debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach while both sides say they want to do more comprehensive approach similar to what the president laid out but haven't worked out details. >> we'll find out if pressuring their pocketbooks will help out here. the question for you here, why is the vote set for tomorrow and what group do you see most under pressure? >> reporter: they need to deal with this quickly. the treasury department said unless we borrow more money come mid february we won't be able to pay bills. the house has to vote on it. senate has to vote on it. work out kinks and get it to the president's desk before that time and it's coming up in a few weeks. in
FOX Business
Jan 22, 2013 4:00pm EST
is the capitol. we have the latest as the house prepares for a vote on the debt ceiling. david: congress heading back to work today following the president's inauguration speech yesterday which a lot of the members of the republican party saw as a poke in the eye to them. >> the first order of business for congress, the looming debt ceiling. rich edson live on capitol hill. hi, rich. >> hey, lauren, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the president's
CNBC
Jan 22, 2013 2:00pm EST
signs" begins right now. >>> hello. welcome to "street signs." call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is being fueled by historic highs for the dow transports for the fifth straight session. let's get straight down to courtney reagan on the floor of the nnysc. >> we are seeing the dow outperform, making it the fifth way that the transport also hit the historic highs. we have seen this pattern of the transports outperforming the industrials since the middle of december. airlines gained the most, up about 28% since the november 16th low. but if we look at stocks overall, you mentioned t not a super exciting day from the onset. we moved in a narrow
WETA
Jan 22, 2013 6:30pm EST
"stand in the way" of the short-term increase in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the uni
CSPAN
Jan 22, 2013 10:00am EST
america's debt ceiling. pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem of deficits and accumulated debt that force debt ceiling votes and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison to insolvency and bankruptcy of t
CSPAN
Jan 22, 2013 5:00pm EST
debate a bill postponing on raising the nation's debt ceiling. you saw pete sessions, the rules committee chairman, filing that rule on the house floor a moment ago. they met this afternoon to discuss the flan which would require both chambers of commerce to pass a budget plan by april 15 or have their salaries withheld. the debt at $16.4 trillion. the meeting is an hour and 20 minutes. >> i want to welcome our -- three of our four witnesses that are here. it's always a fun thing to see a star of the show, everybody wants to get their autograph. mr. chairman, welcome to the rules committee. we're delighted that you're here today to discuss h.r. 325, a very important bill. and i noticed the former chairman of the committee, the ranking member, is here. we also welcome her testimony that will begin. we'll give mr. brady a chance to get here, but the chairwoman, the head of the house administration committee, the gentlewoman from michigan, and delighted that you are here. as always, the rules committee is delighted that you've taken time, both we were excited about your presence to
FOX Business
Jan 22, 2013 1:00pm EST
vote on the republican debt ceiling proposal tomorrow. that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there was one big, glaring omission. he failed to address the nation's current 7.8% unemployment rate. i'm not really sure how you could miss that actually. a big question to the speechwriters with that one. but important milestones coming up in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowdy from south carolina and democratic cong
MSNBC
Jan 22, 2013 9:00am PST
republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it was. >> i have been waiting for the real barack obama to show up, and i don't mean that as a criticism. i mean that honestly. knowing him as i have come to know him over the years, going back to when he first came to washington as a senator, that's the guy that i as chairman was prepared to do battle against and framed my chairmanship and even wrote a book about how to defeat this agenda, this very progressive agenda for conservatives to wake up coming out of the slumps of 2006 and 2008. >> can i say one thing, though, and ezra, i would like to get your thoughts on this. i thought it was a progressive vision fo
CSPAN
Jan 22, 2013 7:00am EST
government. we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about president obama's second term. we want to get all of you involved
FOX News
Jan 22, 2013 1:00am PST
see the republican house do when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i thi
FOX Business
Jan 21, 2013 9:00pm EST
debt ceiling as a bargaining chip in the fight to cut spending the the vote including a provision requiring congress to approve budgets and withholding pay for lawmakers until that happens. urn the legislation, they suspend the debt ceiling through may 18th, and congress raises the by whatever debt was incurred at the time. i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as we
CSPAN
Jan 22, 2013 1:00pm EST
, the wayner rule would not apply any longer, dollar for dollar cuts for raising the debt ceiling. those are a couple of things that have guided republicans in the last two years or the last decade and that raises some real flags for me. but i think it's not republicans that are looking for relevance. i think it's washington as a whole looking for relevance. we're running trillion dollar deficits. for what will be the fifth straight year. and the reality is s&p as downgrade us. moody's and finch's have sent downgrade possibilities, sent the notice and we're still acting as if it's 1995 or 2000 where we aren't running trillion-dollar deficits. but i hope it's not the case but if in the meantime with all these games, around the messaging, trying to figure out sequencing, if moody's follows through with their threat and says america is not worthy of triple-a credit rating, that's a serious reality. the political reality and then you have the economic reality. i don't think we have 10 years to actually somehow find a path to balance. i think we need to move more quickly. but originally we we
CBS
Jan 22, 2013 5:00am PST
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit vote is either chamber
CW
Jan 22, 2013 12:00pm CST
months. the current debt ceiling is 16 - point -four trillion dollars. that's how much the government is authorized to borrow. the treasury department expects to exhaust that authority sometime between mid-february and early march. house republican leaders want to suspend the debt limit through may 19th and focus on other fiscal issues. including the automatic spending cuts due to go into effect on march first. investigators from the national transportation safety boaqrd will conduct more tests today to determine what caused the problems that led to the grounding of boeing's 7-8-7 dreamline planes. the planes were grounded last week after two incidents involving batteries aboard the airliners. including a fire in an empty japan airlines 7-8-7 in boston. u-s-a today reports the n-t-s-b investigators will be looking at the battery charger and other electronics in an attempt to find out what went wrong. today is the 40th anniversary of "roe-v-wade". the landmark supreme court ruling establishing a woman's right to an abortion. the decision prompted a nation- wide debate. which continues tod
Current
Jan 21, 2013 4:00pm PST
backdrop to this speech. the backdrop to this speech is the fact that he was strong on the debt ceiling and has been strong on the debt cereal something far. he was strong on gun rights. he came out worried about legacy and he's going to build the legacy through strength. i understand why people are dubious, but this was a magnificent speech in that it was about "we," other people. you talk about immigration you talk about a poet of cube an disaccidentdissent who is gay. he talked about stone wall and seneca walls and selma benchmark historical moments for women, black americans gay americans, this was a spectacular speech because of that. it is words but i think he's starting to see the "we" in this and he wants to lead all of us. >> cenk: i saw your tweet from earlier saying if this was for mitt romney you wouldn't here about seneca or selma that's a good point. here is a clip that sounds perfectly good but there is one big issue if you ask me. let's watch it together. >> obama: we must act knowing that our work will be imperfect. we must act knowing today's victories will only be partial
CNN
Jan 22, 2013 6:00am PST
debt ceiling, let's just use that as one example. republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would
CNBC
Jan 22, 2013 4:00pm EST
an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up an
MSNBC
Jan 22, 2013 7:00am PST
shouldn't be so difficult. we need to raise the debt ceiling so we should do it. we need to, you know, have a budget and need to reduce the deficit and need to make investments for the future. what he wanted to talk about is what a great country it is and how we need to make sure it's a country that offers opportunity for all americans and expands the middle class. >> you have been in the trenches. you know how divided congress is. do you think by not using words like compromise, by not reaching out in that very high profile speech, that it was a missed opportunity as some republicans are suggesting? >> well, i think that, you know, it's a little bit of looking backwards and the president was looking forward. i think what he was really saying is and reflecting in a way on his last two years, is he sought to compromise and compromise and compromise again and has gotten so little from the republican leadership. i think what the speech yesterday was about is we need to move forward and if going to, you need to know i'm going to be a determined president. we know the path forward. we may
CBS
Jan 22, 2013 6:00am PST
the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a
CNBC
Jan 22, 2013 1:00pm EST
, ibm, j & j, google and travelers all on tap. so is the gop about to cave on a debt ceiling deal? we may know a lot more soon. there's a plan floating around washington, stop lawmakers pay if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smart
FOX
Jan 22, 2013 6:00am PST
the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and shot at them. you can see the bullet holes. this all happened at 6:00 in grandville and the driveby shooting left four young people ranging in age 13 to 16 and luckily they are all expected to survive. they were struck by bullets by three or four males ins side. two middle school boys were here and we don't know if they were in deed the victims. >> i have seen them playing soccer and i have never had any problems with that family. >> so you really are surprised. >> yes, it is very surprising, very scary. >> right now detectives say they have no motive and they are not saying if the shooting is related. we will keep checking in with them all morning long and keep you posted. ktvu channe
FOX News
Jan 22, 2013 6:00am PST
allowed to keep borrowing money through may 19th. they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> re
FOX Business
Jan 22, 2013 5:00pm EST
extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on the stra
CBS
Jan 22, 2013 4:30am PST
compromise on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is expected to approve the debt limit increase tomorrow. >>> the super bowl will be in new orleans, but police are getting ready for potential problems in san francisco. they arrested a dozen people in the mission district sunday as fans celebrated the 49'ers win in atlanta. most of them were for public intoxication. there were arrests for dui, assault and an outstanding warrant, no reports of vandalism. >>> not to get ahead, but why not? it's worth noting more than a dozen cities had multiple sports championships in a single year. but since super bowl era, only four. baltimore did it in 1970. pittsburgh in 1979. new york, the giants and mets w
FOX News
Jan 22, 2013 1:00pm PST
on the debt ceiling limit for another few months, pushing it back to may 19. the report on this possibility yesterday in washington for the inauguration, this this might be a face-saving gesture on the part of republicans to gather their duffs and buy some time with a president who at least for the time being is more popular than they. what do you make of the timing of this vote? -- and what they will gain? >> i think the republicans were concerned about public perception of them not doing anything and i think it's a bad idea. i mean, i think this kicks the can down the road. move people say, we want a solution today. we don't want to keep having this conversation. every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink. i would think cooler heads, wruns they prevai
FOX
Jan 22, 2013 7:00am PST
house after the inauguration taking the center stage. the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but th
FOX Business
Jan 22, 2013 11:00am EST
built their lives around. rich: the house tomorrow will vote to extend the debt ceiling to may 19, as long as the senate and house both pass a budget. if not, this bill prescribes that it gets held back is not. dagen: thank you. president obama mentioned just about everything from gun control to climate change in his inaugural address. one thing was almost missing, though. jobs. joining us with more is steve moore. he laid out his agenda, a whole host of things. why not focus on jobs. does he think that this recovery is so on track that jobless rate will continue to fall, steve? >> i was struck by that also. in the whole speech, he did not talk about jobs. he did not talk about private business and entrepreneurs. it was a very pro-government speech. the president has a big challenge ahead. we still have a near 8% unemployment rate in this country, chipolte, over the last four years of this suppose it recovery. i do not think he mentioned the word jobs in that entire speech. dagen: three times. we did a quick count. >> i stand corrected. dagen: if you go through the list of things
FOX News
Jan 22, 2013 3:00pm PST
the rank and file house conservatives. >> we have half a budget, but raising the debt ceiling for a budget to be named later is to me something i probably won't be able to vote for. >> if you raised it for three months unconditionally, three months from now what principles do you stand on to keep you from raising it again? >> all republicans have been frustrated by the senate failing to pass a budget. speaker boehner's office released inknow graphic about what could have been accomplished since the last budget passed on april 29, 2009. it clouded 179 round trips to the moon. circumnavigating the globe 73 times. leading senate republicans say it's time for the senate to step up. it has been four year since the senate acted on a budget. in fact, if you believe this. many of you have ipads. ipads didn't exist the last time the senate passed a budget. >> the senate majority didn't say no but he didn't fully embrace the house deal either. >> i'm glad that they sent us up a clean -- they are going to send us a clean debt ceiling bill. the other stuff on it, we'll approach it when we need
CSPAN
Jan 22, 2013 12:00pm EST
president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being borrowed and will have to be repaid by f
CNN
Jan 22, 2013 1:00pm PST
the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accident and use one of our certified
FOX News
Jan 22, 2013 10:00am PST
the showdown over the debt ceiling. house republicans shifting gears allowing new plans to allow the government to keep borrowing money for several more months preventing a first default on u.s. obligations that could come a week from today. there's a catch. welcome to "america live," i'm in for megyn kelly today. the legislation would require lawmakers to pass a budget and if they don't, they don't get paid. a vote is scheduled for tomorrow and house republicans hope this will prod senate democrats to pass a budget in more than four years. and the president will not block this, but the administration is not thrilled with such a short-term plan. >> we support the idea that the deficit ought not to be a political football that, by becoming that does damage to our economy. so we would clearly, we want to see the debt ceiling sort of removed from the process of the very important debates that we have over what we pay for, how much revenue we bring in, how we get our fiscal house in order in a way that helps the economy grow. >> and chris stirewalt is our politics digital editor and
PBS
Jan 21, 2013 5:30pm PST
. house will vote wednesday on raising the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82 years old. >> brown: finally tonig
CNBC
Jan 22, 2013 6:00am EST
on washington getting back to work. think debt ceiling when we return. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back, everybody. the s&p is indicated slightly down as the is dow jones. the nasdaq is staying higher. we did hear from dupont which came in with better than expected numbers and ta dow component is up by 1% at this point? >> if you split the bid and the ask, it would be. >> 1.4% from the free market. >> our headlines this morning, a tropical storm intense fieging off of australia's coast. it's bringing nearly half the world's iron ore trade to a halt today. right now, let's get today's national forecast. reynolds wolf joins us from the weather channel. reynolds, it's great to see you this morning. >> great s
FOX
Jan 22, 2013 5:00am PST
to work increasing the debt ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid. but senate has not passed one since 2009 and now the gop feels they have americans on its side. >> americans get it, federal overspending is actually dragging our economy down rather than lifting our families up. >> what they are saying when i see you next, kyla campbell ktvu channel 2 morning news. >>> and you can watch more of president barack obama's inauguration including beyonce say saning the national and them. >>> the man has been identified. police are not exposing his name but he exposed himself on miller treat and last -- heller street. pill have no
NBC
Jan 22, 2013 5:00am PST
tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid. we'll see how that vote goes later today. the president laid out a number of things including climate change, gay rights, health care immigration, and it remains to be seen how much of that they will be able to tackle in the second term. >> he better eat his wheaties. time to get done. thank you very much. >>> happening now, fire crews are battling to contain a fire at beale air force base about 50 miles north of sacramento. the fire has been burning for hours. this is what it looked like just last night. firefighters say they now have the fire about 75% contained. it broke out about 2:30 yesterday afternoon inside a building on th
FOX News
Jan 22, 2013 8:00am PST
debt ceiling. tomorrow the republican-controlled house expected to vote on a bill allowing the government to borrow money through may 18th. but they want something in return. chief congressional correspondent mike emanuel live in washington with the details. what is the latest? >> reporter: as part of raising the debt ceiling the house republicans will demand that the senate pass a budget with spending cuts included and will try to force getting it done by april 15th. a short time ago the top senate republican issued this call to action. >> and so it's my hope that the president will finally be willing to do what republicans have been asking him to do since his first inauguration four years ago and that is to work with us on identifying durable solutions to the problems that we can only solve together. to put aside those things we know we can't agree on and focus on what we can agree on. and we should start with spending and debt. because if we don't get a handle on that nothing else matters. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn
CSPAN
Jan 22, 2013 8:00am EST
the president and raise the debt ceiling without congressional approval. live coverage begins at 9:30 eastern on c-span3. >> from the very start, organize militaries have always spent a lot of their time fighting and conventional, your regular warfare. you know what? those terms don't make a heck of a lot of sense. that is one of the big take aways i had from doing six years of reading and research for this book. the way we think about this subject is all messed up. we think that somehow conventional warfare is the norm, the way you modify is to have conventional armies plugging it out in the open but the reality is those of always been the exception. think about more modern world. what was the last conventional war? this is a hard question to answer because it was the russian invasion of georgia in 2008 which didn't last very long and yet all over the world today there are people dying in war whether it is afghanistan or molly or syria or condo or me and our or colombia. all these people are victims being ravaged by unconventional warfare. >> this weekend on booktv best-selling autho
CSPAN
Jan 22, 2013 5:00pm EST
will be thought of as irresponsible to not raise the debt ceiling. in my view, it is irresponsible to raise the debt ceiling in the absence of changing the way that we do business here, starting with the approval of the budget. thought to be compassionate to spend money. how can it be compassionate to spend money that is not yours? and for our country to have growth and economic opportunity, there is no question but what the debt and deficit is a drag on that opportunity. we have a responsibility as american citizens to right this wrong. >> i serve on the senate budget committee, and i can tell you, the most disappointing part of having served your the last two years is relatively new member, we have not done a budget for this country in the senate. it is incredibly disappointing. the senate democrats have not been willing to do the budget will we are over $16 trillion in debt. no the talk about the fact that the ipad has come into existence during the nearly four years that we have not had a budget. i happen to have a five year-old son. and so nearly most of his lifetime we have n
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